In the auditing A) the types and amounts of evidence remain constant from audit to audit. B) the evaluating audit report findings to on the information being audited D) records are gathered by the auditor to determine whether the audited information is stated in accordance with SEC standards. Which of the following can be used as a criteria for evaluating information being audited? A) International Financial Reporting Standards (IFRS) B) Generally Accepted Accounting Principles (GAAP) c)Internal Revenue Code (IRC) D) all of the above Reaction, classifying and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called A) finance. B) auditing. C)accounting. D) economics. An accountant A) must possess expertise in the accumulation of audit evidence. B) the number and types of items to test. that provide the basis for preparing the accounting information. C) have an rules D) must be CPA reflects the possibility that the information upon which the business decision was made was inaccurate. A) Client acceptance Control A) correct relationship among the auditor, the and the external users is A) management of a public company the independent auditor B) the audit committee of a private company hires the independent auditor C) the client provides capital to the external users D) the external users can rely upon the auditor's report to reduce information risk. The most common way for users to obtain reliable information is to A) have an internal audit. B) have an independent audit. C) verify all information individually. D) verify the information with management. In the audit of historical financial statements, management asserts that the financial statements are fairly stated in ac with what standards? A) regulatory accounting principles B) applicable international accounting standards C) applicable U.S. accounting standards D) B and C Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another pa A) accounting and bookkeeping service. B) attestation service. C) assurance service. D) tax services Audits are an assurance service, but not an attestation service. are designed to provide absolute assurance that the financial statements are free of material misstatement. are required for publicly traded companies in the United States. do not require the auditor to express their opinion in a written report. An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency activeness is what type of audit? operational audit B) compliance audit C) financial statement audit D) production audit n audit to determine whether an entity is following specific procedures or rules set down by some higher field as a(n) addition of financial statements. B) compliance audit. C) operational audit. D) production audit